Carey has had the record since 1996 for "One Sweet Day," her duet with Boyz II Men, which also spent 16 weeks at No. 1.

"This is historic for Latin music," Fonsi told BuzzFeed News in a statement. "I’m incredibly thankful for all of my fans and their amazing support. Feeling very blessed right now."

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Meanwhile, Daddy Yankee told BuzzFeed News in a statement: "This new record proves, the capacities, and reach our music in Spanish can achieve. Let's unite all together so we can have more respect and more presence in the general market and in the rest of he works! It's time to stand up!"

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There are only three songs that stand in the way of "Despacito" breaking Carey's record: the No. 2 song, DJ Khaled feat. Rihanna and Bryson Tiller, "Wild Thoughts"; Cardi B, "Bodak Yellow," which has perpetually been at No. 3; and Taylor Swift's new single, "Look What You Made Me Do," which has not been added to the chart yet.